Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
The Belgian Chocolate Group from Olen, company number BE0403788036, closed financial year 2026 with a result of € -1.7 million after tax. For that financial year The Belgian Chocolate Group recorded revenue of € 61.9 million and equity of € 7.9 million. Compared with financial year 2025, the result moved from € 2.2 million to € -1.7 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 7.9 million
▼ 17% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.7 million
▼ still € 2.2 million profit in 2025
Profit after tax over the fiscal year.
€ 4,846
▼ 98% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -613,272.
People and assets in 2026
140.3
▼ 5.1 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 8.7 million
▼ 3% vs 2025
€ 62,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 149,256
▼ 50% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 2.2 million
▲ 89% vs 2025
€ 238,360 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 11.6 million
▲ 75% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.
€ 1.7 million
▼ 3% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 50,769,210 | € 56,106,683 | € 54,531,940 | € 61,908,015 | ▲ 14% |
| Profit after taxes | € 2,395,104 | € 2,642,191 | € 2,197,686 | € -1,659,681 | ▼ € 3.9 million |
| Equity | € 14,479,959 | € 13,737,590 | € 9,593,197 | € 7,926,950 | ▼ 17% |
| Total debts | € 9,777,680 | € 16,298,677 | € 12,286,550 | € 15,670,659 | ▲ 28% |
| Cash | € 240,903 | € 188,387 | € 210,443 | € 4,846 | ▼ 98% |
| Land & buildings | € 8,728,836 | € 2,402,007 | € 3,773,916 | € 3,991,575 | ▲ 6% |
| Retained profit | € 1,908,768 | € 1,170,376 | € 1,046,409 | € -613,272 | ▼ € 1.7 million |
| Dividend | € 1,524,218 | € 3,380,583 | € 2,321,653 | € 0 | ▼ 100% |
| Bank debt | € 2,107,958 | € 1,593,681 | € 1,143,138 | € 2,160,747 | ▲ 89% |
| Balance sheet total | € 24,386,632 | € 30,036,267 | € 21,879,747 | € 23,597,609 | ▲ 8% |
| Employees (FTE) | 135.3 | 151.2 | 145.4 | 140.3 | ▼ 5.1 |
Key figures of The Belgian Chocolate Group, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to The Belgian Chocolate Group?
What happened at The Belgian Chocolate Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ILT BV stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 1.7 million (▼ € 3.9 million vs 2025). Source: NBB ↗
- M. Callebaut Consulting BV stepped down as director. NBB
- Vincent DE LAET stepped down as director. NBB
- Christoph PAUWELS stepped down as director. NBB
- PAUWELS ENGINEERING NV stepped down as director. NBB
- ILT BV became a director. NBB
- M. Callebaut Consulting BV became a director. NBB
In short
From € 2.4 million profit in 2023 to € 1.7 million loss in 2026.
Paid € 33,656 in corporate taxes since 2023.
Best year ever: 2024, with € 2.6 million profit.
Paid out € 7.2 million in dividends to the owners in total.
Management
The shares are held by PAUWELS ENGINEERING NV (100%). It owns 100% of Belgian Gourmet PTE. LTD. itself.
Directors
According to the 2026 annual accounts
Director · represented by Marie-Paule CALLEBAUT
since 2023 · until 2026
since 2022 · until 2026
Christoph PAUWELS
Director
Also active at: PAUWELS ENGINEERING, Yum-It Foods, Customer Professional Support, Fresh & Saucy Foods
since 2022 · until 2026
Director · represented by MARC PAUWELS
Also active at: COCACHOC, GIFTS OF BELGIUM
since 2022 · until 2026
Director · represented by Paul De Ridder
Also active at: COCACHOC, HIGH STREET, La vie en bois, Caluwé Artisan
since 2026 · until 2029
Shareholders
Participations
Belgian Gourmet PTE. LTD.
100%
Establishments
Establishment units
Physical locations of this company
Geelseweg 72
2250 Olen
Toekomstlaan(HRT) 49
2200 Herentals
Active since 1 September 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.788.036
- VAT number
- BE 0403.788.036
- Registered office
- Geelseweg 72, 2250 Olen
- Names & denominations
- The Belgian Chocolate Group · BCG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 November 1956
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van cacao, chocolade en suikerwerk
Groothandel in suiker, chocolade en suikerwerk